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Sensex, Nifty marginally up; Bharti gains 2%, GAIL falls 4%

Bharti Airtel, Sun Pharma, Maruti, Tata Power and Infosys are top gainers while GAIL, ONGC, M&M, Sesa Sterlite and BHEL are laggards in the Sensex.

11:04

The News International Team

The market is still consolidating with positive bias. The Sensex is up 67.87 points at 27669.88 and the Nifty is up 21.05 points at 8313.95. About 1423 shares have advanced, 801 shares declined, and 98 shares are unchanged.

Bharti Airtel, Sun Pharma, Maruti, Tata Power and Infosys are top gainers while GAIL, ONGC, M&M, Sesa Sterlite and BHEL are laggards in the Sensex.

Crude oil futures plunged 2.57 percent to Rs 3,718 per barrel today as participants indulged
in offloading their positions amid a weakening trend in Asian trade where it sank below the psychological USD60-mark. At the Multi Commodity Exchange, crude oil for delivery
in current month contracts fell sharply by Rs 98, or 2.57 percent, to Rs 3,718 per barrel in 1,952 lots.

Gold slipped as the dollar rose after robust U.S. economic data but the metal was on track for its biggest weekly climb since June following gains earlier in the week from safe-haven demand. The metal has risen 2.8 percent this week, although it failed to build on strong gains that took it to a seven-week high on Wednesday.

10:00

Sensex, Nifty consolidate; midcaps, smallcaps outperform

IL&FS Engineering shot up 10 percent after its subsidiary Maytas Infra SZaudi Arabia bagged an order worth Rs 464 crore contract in Saudi Arabia with a completion period is 32 months.

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09:14

Nifty holds 8300, Sensex flat; Infosys, BHEL early gainersRead More »

Hindalco, Tata Power, Infosys, BHEL and Bharti Airtel are top gainers in the Sensex. Among the losers are Tata Motors, Dr Reddy’s Labs, GAIL, HDFC and Sesa Sterlite.

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